Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.013%

Price spread now: Bybit against GRVT+0.045%50s7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.415% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.045%, 7d avg −0.040%

Together, before fees−0.161%+ Points / potential airdropGRVT: Active · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.085% dearer against GRVT than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.040%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVAX_USDT_Perp	11.117	0.0100	pay 0.0100% / 8h	6h 30m	$350K	$800K	10x
Short	Bybit AVAXUSDT	11.122	0.0100	get 0.0100% / 8h	6h 30m	$88.6M	$145.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee BybitbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.040%: $8.47
Slippage, 4 orders: −$21.51
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.04
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from GRVT: live order book, 37 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 37 min ago	3.57 bp	11.1 bp −$11	19.8 bp −$198	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.45 bp	8.7 bp −$9	15.2 bp −$152	36.9 bp −$3,691	doesn't fit

AVAX on 35 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	−0.1423%	1h	11.090	−0.243%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.115	−0.018%	$5.2M	$8.3M	25x	as long as short
Nado AVAX-PERP	−0.0046%	1h	11.122	+0.045%	$286K	$517K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.120	+0.023%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.119	+0.019%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0056%	8h	11.119	+0.018%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.120	+0.023%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.117	0.000%	$15K	$595K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.123	+0.052%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.120	+0.028%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.126	+0.084%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.123	+0.054%	$118.5M	$465.4M	75x	as long as short
Bybit AVAXUSDTshort	+0.0100%	8h	11.122	+0.045%	$88.6M	$145.1M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.122	+0.045%	$20.0M	$124.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.121	+0.036%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.125	+0.072%	$15.6M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.118	+0.009%	$33.4M	$51.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.122	+0.045%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.118	+0.009%	$355K	$545K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.127	+0.088%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.117	long leg	$350K	$800K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.118	+0.009%	$179K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.122	+0.045%	$131K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.123	+0.054%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.145	+0.248%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.116	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.112	−0.046%	$361K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.116	−0.009%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.115	−0.017%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.112	−0.045%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.118	+0.008%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.119	+0.018%	$4.3M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.129	+0.108%	$904K	$5.9M	50x	as long as short
Hyperliquid AVAX	+0.0424%	1h	11.133	+0.144%	$43.4M	$47.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.119	+0.016%	$236K	—	120x	as long as short